European Commission has initiated a functional review of the EU Safeguard measures on steel imports. This decision follows a request from 13 EU Member States, who provided evidence pointing to a contraction in Union demand for steel and widening gaps between the current level of duty-free quota volumes and actual demand.
Additionally, the surge in China’s steel exports to major regions has intensified global trade flows, leading to increased steel exports from other markets into the EU.
The request calls for a reassessment of the allocation and management of the tariff-rate quotas. Notably, the Commission has indicated that the review process will be accelerated, with any adjustments to the current regime becoming applicable as of 1 April 2025.
Questionnaire for EU Steel Users:
